The Green Economy
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Green economy is based on sustainable business practices as opposed to those which function based on non-renewable fuels and inefficient methods. The green economy seeks to further financial, business, and other economic transactions without depending on or further damaging the environment.
Green economy is based on sustainable business practices as opposed to those which function based on non-renewable fuels and inefficient methods. The green economy seeks to further financial, business, and other economic transactions without depending on or further damaging the environment.
Green economy addresses energy sources as one of its major issues. It advocates renewable engergies in place of fossil fuels, and energy conservation where possible. Such fuels include wind, solar, various types of electric and hybrid power, and more.
Jobs are said to be created via the green economy, specifically in areas of energy conservation and environmental management. The educational and philanthropic sectors also are areas for green job creation.
The idea of the green economy is to promise environmental protection, while being profitalbe. Aside from using energy responsibly, it has a focus on global warming, use (depletion and management) of resources, deforestation and reforestation, and overall prvention of environmental pollution and damage.
Many of the initial costs needed to start businesses in the green economy are high, especially those that are related to energy production. Green energy research and development is very expensive and is still in its early stages. It is not percieved as being entirely economically viable to the public.
For example, the cost to install solar panels on a house for power generation is high and most homeowners would rather rely on their exisiting connection to the power grid.
These high costs are a result of the huge research and development needed, and the high average total cost per unit due to small economies of scale in their production.
The resut is that many of these green initiatives fail or are prohibitively expensive. As such, many green economy projects have not worked out and the green economy has been given a somewhat bad name, business-wise.
Many proponents of the green economy insist that government aid is needed to jumpstart them. Others contend that such governmental input will only create a non-sustainable economy, making the entire venture futile.
